Vertical: Fintech/ Payment Gateway
Total funding: US$ 300,000
Founder: Syed Mubashshir Ali
Co-Founders: Pratham, Archit Agrawal, Joydeb Bose
Investors: Joydeep Bose, Dr Dhiren C Patel, Private Venture Capitalist, USA
Syed Mubashshir Ali is a name fast gaining traction in the UAE startup ecosystem. Hailing from a modest village, Katol in Nagpur, Syed’s journey from small-town beginnings to the international tech stage is both audacious and inspiring. Currently incubated at the prestigious BITS Pilani Dubai Campus, his blockchain startup, Krypsm is poised to redefine the global crypto space. Built to be faster, leaner, and smarter with a sharp focus on regulatory-compliant spot buying/selling and SIP-based investing.
Syed’s entrepreneurial spark ignited early. After completing his 10th board exams from Mount Carmel Convent School, he began exploring ways to support his future education leading him to launch a shopping website in collaboration with local partners. However, it was the promise of cryptocurrency and global transactions that truly captivated him. He immersed himself in the blockchain space, gradually piecing together a more significant vision.
In 2022, while pursuing Computer Science at BITS Pilani, Syed partnered with co-founders Pratham Gajjar, Archit Agrawal, and Joydeb Bose to give shape to his dream – Krypsm. The startup successfully passed the rigorous evaluation process and secured a coveted spot at the BITS Pilani Incubation Centre. Dr. Vilas, Head of the Incubation Centre, has been instrumental in providing the team with a platform to refine their concept, gain expert feedback, and connect with strategic investors.
A Future in the Making
Krypsm quickly gained momentum. The team received its FIU-IND Registration (Financial Intelligence Unit–India registration) – becoming only the 29th company in India to do so. The early days were far from easy. They self-invested INR 15 lakhs before securing major funding that further enabled to formalise operations, acquire necessary licenses, and build a scalable infrastructure. The Krypsm crypto trading app was recently launched on 2nd Feb 2025.
Despite offers of acquisition, Syed remains focused on the long-term vision: taking Krypsm global. The company is currently seeking Series A funding of USD 5 million and is open to further equity dilution to drive exponential growth. Syed currently holds 35% equity in the venture, with 20% split between the co-founders.
He credits much of Krypsm’s growth to the nurturing entrepreneurial ecosystem at BITS Pilani Dubai. “It’s not just about building a product; it’s about building a legacy,” says Syed.
BITS Pilani Dubai’s Incubation Centre: A Launchpad for Young Visionaries
With over 50 startups launched in just 5 years, including several unicorns, BITS Pilani Dubai with its dedicated entrepreneurship ecosystem is fast becoming a beacon of entrepreneurial excellence shaping the next generation of innovators:
- Incubation Centre powered by SME Dubai
- 24×7 Creative Labs for hands-on innovation
- Minor programs in Entrepreneurship, Business Management, and New Venture Creation
- Access to seed funding via alumni and Dubai SME
- Mentorship through industry leaders and alumni. Interactions with experts and investors
- Opportunities to pitch in events, competitions, and B-Plan showcases